Asia's weekly crypto news roundup: South Korea proposes stablecoin liquidity rules, Hong Kong advances 24/7 on-chain settlement, Hana Bank issues $100M blockchain bonds, US prosecutors investigate Binance sanctions violations.
DeFi & Yields ·
South Korea is proposing liquidity safeguards for KRW stablecoins, while Hana Bank issued $100 million in blockchain-based digital bonds. Hong Kong is advancing toward 24/7 on-chain settlement capabilities, and Kazakhstan's crypto trading volume reached $10.58 billion over the week. Meanwhile, U.S. prosecutors are investigating Binance over alleged Iran sanctions violations, and China's central bank reiterated that virtual currencies including Bitcoin and Ethereum cannot function as legal tender.